Iowa Bonding & Casualty Co. v. Wagner Co.

Evans, J1

I. In November, 1917, the Wagner' Company was awarded a paving contract, known' in the record as the “Douglas Avenue Contract,’.’ in the city of Des Moines. It thereupon applied to the plaintiff Lion Bonding & Surety Company to,insure its performance of its contract... Such plaintiff issued its bond accqrdingly. This suit is. brought upon the breaches of such bond by the Wagner Company. The Lion Bonding & Surety' Company reinsured' one half the risk with the Iowa Bonding & Casualty Company, its coplaintiff. ' The total loss sustained under the insuring bond was somewhat moré than…